Orville and Orville By Gibson are two completely different guitars. Only the OBG reissues have fret edge binding they also have the long neck tenon and are generally better built guitars than the gibson standards, the obg's have a much better and more stable neck joint.

There are two different Orville by Gibson models, the 'standard' and the 'reissue'

The one in the listing is a standard, has 'standard' on the truss-rod cover and no FEB. The reissue's have a blank cover and FEB, either way, fret-edge binding is really only cosmetic, an OBG standard will still be a great guitar!

Both the standard and the reissue have a long tenon neck joint, whether or not this contrubutes much to the tone, or the stability we could all have a week long debate and not reach a conclusion

One thing a long tenon is, is historically correct, just like a real '58

Really the only difference is the FEB, a modern Gibson Standard has FEB so really an OBG reissue would be closer in outward appearance to a modern standard, but in terms of construction both a OBG standard and a reissue are closer to a real '58 Les Paul.

Oh, from personal experience I've never had any 'stability' issues with a modern Gibson neck joint, but the best overall sounding and playing Gibson I ever had was an OBG

the only problem is that the prices of OBG are almost as much as a used standard. I wish I woke up a few years earlier

Yes, a standard has a short tenon, and also more than likely a 'weight relieved' body which is a fancy way of saying it has holed drilled in the mahogany!

Yes an OBG reissue is almost the same price as a Standard, but it's just about Historic spec apart from the 2-piece back. I would say get an OBG reissue in preference to a standard. The last few standards I've picked up in my local shop have been pretty uninspiring, but if you can find a nice one, used, then that would hold it's value as much as the OBG.

The Terada made G serial regular OBG's can sometimes have separate neck heels (2 piece neck) on the lower priced OBG's. Terada also do this on some K Orvilles which isn't surprising seeing that a lot of the K Orvilles seem to be rejected G serial OBG's. The other difference between Gibson and Japanese guitars is that Gibson mostly use Honduras Mahogany (but that might have changed a bit recently) and the Japanese makers mostly use African Mahogany. I have Gibsons and Orvilles and the wood type difference means nothing to the sound IMO. Fret edge binding is like car power windows, not needed IMO.

The G serial OBG's and the K Orvilles are made by Terada mostly from 1988-1993. Terada made them with different tenons, long, medium long, and medium. Terada also made some OBG's and K Orvilles with separate neck heels. FujiGen is the other OBG and Orville maker mostly from 1993-1998 and they use no letters in their serial numbers. All of the FujiGen OBG's and Orvilles have long tenons and I've never seen one with a separate neck heel.

I went through several Gibson LP's over about a 10 year period a few years ago when I got back into playing and came to the conclusion that I just did not like Les Paul's. I jumped over soley to strat's and tele's. Fender Japan re-introduced me to MIJ quality which then got me into looking at OBG and Burny... turns out that I didn't dislike LP's- I disliked GIBSON LP's (numerous pieces from a '72 deluxe, a '81 Standard, an '02 Standard to name a few). Quality and workmanship range from "not-worth-the-??" to absolute CRAP.
IMHO, if you are shopping for a LP in the Gibson Standard price range- get an OBG. (same goes for SG's which are my main guitars now).
My rule of thumb to friends who ask-If you are shopping for:
Entry LP (Epiphone, etc) - buy an Orville instead
Gibson LP - buy an Orville by Gibson LPS instead (like the listing you posted)
historically accurate Gibson RI (ha-ha) - buy an OBG LPR, or if Customs are your thing an OBG '57 LPC (ebony board) instead.

And your question about necks, I think generally the LPS's lean more to a 60's profile. My LPR has a fatter 50's profile.